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again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing on wall street. at this stage it looks like we got a gain of only 14 points for the dow. obviously we were higher than that, not much more but were higher earlier in the day. the nasdaq up by only eight points and the s&p finishing up by just a trickle of positive. well, ticktock. the market is closed. seems to be waiting once again for some clear signal on what's going to happen with regards to the fiscal cliff. how can you make money in the final trading sessions of the year amongst all this uncertainty? >> we have definite answers coming with our panel. back with us nathan bachrach from the financial network.
again our two fiscal cliff portfolios for the first time since the election of november 6th, they are betting we will not go over the fiscal cliff interestingly enough. right now the dow up just 15 points as we head towards the close. much more to come on the second hour of "closing bell." >>> and it's that time of day. it's 4:00 p.m. here on wall street. maria will be back in the seat tomorrow. as the clock winds down to the fiscal cliff deadline, this is how we're finishing...
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Dec 4, 2012
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. >>> these right, tie less, the gop sending a big message, hey, blue states, you re-elected the president. you pay the bills. how they want to raise money and why your mortgage interest deduction may be at risk. >>> bill gross says this may not even matter. we still have way too much debt. bill cross is here with some investable ideas for you. >>> plus, extreme hoarding, dividend edition and we unveil the one sector of the stock market that nearly everybody agrees is a must own, man kim. >> hi there, brian. hello, everybody. get another slow day for the market, stocks moving between gains and losses. bob, i don't want to begin with the macromarkets. i want to begin with the retailers. yesterday, the s & p retail index hit a record high. today, not so much. >> i think that is a sign of a little bit bit of concern going on. show what you has been going on. a lot of the big retailers are weak today. comment specifically on gap but noted, for example that kohl's had very high inventory levels and a concern that might make the season more promotional and specifically affect gap. see it down 7%
. >>> these right, tie less, the gop sending a big message, hey, blue states, you re-elected the president. you pay the bills. how they want to raise money and why your mortgage interest deduction may be at risk. >>> bill gross says this may not even matter. we still have way too much debt. bill cross is here with some investable ideas for you. >>> plus, extreme hoarding, dividend edition and we unveil the one sector of the stock market that nearly everybody agrees is...
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Dec 5, 2012
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tell me what you want for us to do but i don't like the idea that i was elected and my election certificate is as valid as anybody else's here not to have a say in this. i'd say to my colleagues, lets us, the people's house, take back control of this argument, come together and put something forward. >> you and others have signed on to a so-called discharge petition that would cause the house of representatives to take a vote on the bill passed in the senate some time ago that would extend the so-called bush era tax cuts for people earning less than $250,000. it requires 218 signatures. that means you've got to get some republicans to sign on. do you have any indication that any people will break from speaker boehner and sign your petition? >> i think so. i know one for example, my friend walter jones down in north carolina, said that he's open to it. i think i need 41 people now. we've got 177. i need 41 people to come forward and i think what's really interesting about this is, republicans aren't violating any pledge on this. they are assuring taxes don't go up. i see no reason why we can
tell me what you want for us to do but i don't like the idea that i was elected and my election certificate is as valid as anybody else's here not to have a say in this. i'd say to my colleagues, lets us, the people's house, take back control of this argument, come together and put something forward. >> you and others have signed on to a so-called discharge petition that would cause the house of representatives to take a vote on the bill passed in the senate some time ago that would...
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i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath you, 27 days and 12 hours. gentlemen, appreciate your time. thanks so much. >> thank you. governors gilmore and davis. >>> let's get to brian sullivan with the market flash. brian? >>> perhaps not happy here, carl, pby is falling today. they swupg to a third quarter loss. you can see the stock is down 13%, $6.8 million loss, basically 13 cents per adjusted share of a loss. wall street was expecting a prof profit. sales fell 2.4% quarter over quarter. of course the whole autoparts phase with a lot of action around this name, pby has been stuck in an $8 to $12 range for the better par
i respectfully disagree that the only democrats got elected in the past election. there was still a majority in the house of representatives republican that would return to office they ought not take ownership of something that will reduce jobs and growth. they ought not to do that or they'll be responsible for what happens in the next four years. let the democrats have their tax increases and you'll see what happens. >> as you speak, we have a fiscal cliff countdown clock right beneath...
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Dec 3, 2012
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i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wall of worry we miss out on gains. is there something different this time around? are the worries justified or are we going to miss out? >> well, generally our view is that we're going to get to the end of the fiscal cliff with a resolution but that it is going to be turbulent up until that point. and so we're probably going to climb a wall of worry there. i think the issue on europe though is one that we basically -- i agree with brian, we've put europe to the back burner and probably some time at the second half of next year it is going to crop back up as an issue. but you could see, for example, the sort of classic january bounce or we think actually fiscal cliff could be pushed into january by the time they actually finally get a resolution. kicking the can may be a c
i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wall of worry we miss out on gains. is there something different this time around? are the worries justified or are we going to miss out? >> well, generally our view...
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Dec 7, 2012
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sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >> the fed is important. it's another one of those two-day meetings. they're going to take down operation twist. this will be important because he gets to announce at a press conference. that gives them a chance to explain what the mood of the meeting was. it will give them a chance to hear what the new proposal, qe whatever, is supposed to do and how they want to set it up. so i think the markets will hone in on that very, very carefully. >> do you think we see an acceleration of purchases, a revamp of twists? will there be an event as i said earlier? >
sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >>...
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Dec 3, 2012
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he's had ever since september of 2011 when the grand bargain talks broke out -- broke down and post-election he's made clear this is going to remain an element of his strategy, is campaigning with the public. he made that trip to pennsylvania last week. he's trying to use the public, which polls show agrees with him on some of the key questions like top rate, to put pressure on the congress to move. we'll see how effective that can be. certainly it hasn't been effecti effective heretofore but it is possible it could and the president believes having won the election he's on the high side. >> 2:00 on twitter. john, thanks very much. >>> one of the overhangs for the fiscal cliff for investors is what will happen on dividend tax rates. more and more corporations aren't waiting to find out exactly what happens with more than $22.5 billion worth of special difficult sends having been announced from 98 companies in the fourth quarter so far. today, hca, dish network, cato joining the list. jim iuorio is a cnbc contributor. >> i've been looking at this from every ang toll fiangle to find a tradable
he's had ever since september of 2011 when the grand bargain talks broke out -- broke down and post-election he's made clear this is going to remain an element of his strategy, is campaigning with the public. he made that trip to pennsylvania last week. he's trying to use the public, which polls show agrees with him on some of the key questions like top rate, to put pressure on the congress to move. we'll see how effective that can be. certainly it hasn't been effecti effective heretofore but...
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they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >> but what is so serious about the thinking of a party that just is implacably opposed to raising income tax even for the richest 2%? because the american people don't give a stuff. in all the polls, two-thirds of them are yes, let's tax the wealthiest 2% and by the way, that's me and you, newt. i don't know about you, i'm quite happy to pay a little bit more if it helps the general good. are you? >> well, piers, i'm happy for you to pay it, too. if you want to write a check this evening, the treasury will accept it. i'm delighted with your sense of cit
they don't have an election until november of 2014. they need to say look, you want to negotiate seriously, we'll sit down and talk. you don't want to negotiate seriously, the country will survive going off this cliff. it's largely a factor in terms of american history, the people will not look back on as a giant tragedy. we need to have serious effort to get this country reorganized and i see no sign that the political system today is at all prepared for that kind of serious thinking. >>...
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we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for profit growth in '14. >> you point out that your sector positioning, you say it's cautious, but you are upping technology to overweight. underweighting domestic cyclical. if cap-ex is a phenomenon next year why would you not be more highly leveraged to that? >> well, we think that first of all, the numbers, and the valuations, look fully played out. we think they still have housing market euphoria. and, have looked at things like consumer confidence going up, at least until friday, as a result of house prices stabilizing. for us, that's the reason why
we thought it would be weak during an election year. there's a whole body of academic evidence that public policy certainly does impair it. but we were stunned as early as the first quarter of this year to see the tech sector, ibm, talking about flat revenue growth in the u.s., and there we think there's a level of cap-ex that has just been foregone because of this public policy uncertainty that, even in a semistable environment, it should rebound a bit. and that could be a big driver for...
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jobs numbers matter a lot less the month after the election. tiny popularity issues are not the central factor here. it's these negotiations between two guys. >> ayman you're inside the capitol dome right now. what is the sense? were you surprised at the speaker's comments no progress, it was a pleasant conversation, which is a good thing, but the fact thats there's no measurable difference from today versus yesterday? >> yeah. when somebody says if washington they've had a pleasant conversation, that means we got absolutely nothing accomplished but nice to talk to the other guy. i was a little bit surprised because we had heard there was this phone call between the president and speaker on wednesday. yesterday we were told that, in fact, staff negotiations had resumed between obama's staff and the president's -- and the speaker's staff and you saw this very tight coordination of messaging between obama and boehner that indicated they were working together well. then we see this from the speaker today. but after that, the aides came out private
jobs numbers matter a lot less the month after the election. tiny popularity issues are not the central factor here. it's these negotiations between two guys. >> ayman you're inside the capitol dome right now. what is the sense? were you surprised at the speaker's comments no progress, it was a pleasant conversation, which is a good thing, but the fact thats there's no measurable difference from today versus yesterday? >> yeah. when somebody says if washington they've had a pleasant...
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doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hou
doing precisely that. >> got through the election on social issues. on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the...
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i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my opinion. >> let's watch and get your reaction. [video clip] >> there are all types of proposals. that is what we need right now. if we had some more targeted solutions, we would move down the road. it has been really hard to get anything accomplished. >> that was back in april, 2012. what do you think? would you have been behind the president's jobs bill? >> i would not. i think it is a bunch of poppycock. the president wanted $400 billion more funding from congress to support his jobs bill, which was going to create jobs for what i would consider his winners an
i am frustrated the rnc did not launch it before the election. they claim they did not have funding for it. which boggles the mind when you think of the rnc. they raised a lot of money. i think if they had launched it, it could have put activities behind it. it could have had meaningful impact. the decision was made not to. that speaks to what i was talking about earlier. we cannot give lip service to, we are the party of inclusion. we mean it. we really do. it was an epic fail 2012 in my...
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Dec 9, 2012
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elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a little feisty here. but bring up brian. >> it's great to be here. i love the spirit of this. i'm probably going to bring this back a notch. i think a big part of this is the definition aspect of what is is lama, who was winning how much? pay attention to those details. i want to make three points. two to the motion and another about policy. number one and, i think the question of islam and democracy and whether it is compatible, not what we are debating, is the charm of the irrelevant question. you have many mus
elections. so, let me just quote one final citation in closing from the egyptian muslim brotherhood's web site before they realized everyone was reading it and then learned the lesson of western p.r. quote, if democracy means that people decide who leads them, then we accept it. if it means that people can change the laws of allah and follow what they wish to follow, then it is not acceptable. that's the heart of the story and it is not the path to democracy. thank you. >> it's getting a...
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i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far ashat you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up f changing that, increased energy prices, vehicles you can drive, that the behavior changes they need in theory of the causes of things. no one signed up for that because they -- few people signed up for that, a real lifestyle change which would be measurable, financially, and in your behavior, dramatic, very people, i think, vote for that, if that was something they had to do. i don't think we'll get aing serious like that because there's not a mandate for that. >> i mean, one of the things interesting about the speech, and i realize you were not able to watch it, and i understand why. neil: harvard people listen to that. >> the comments were incenary t
i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far ashat you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up f changing that, increased energy prices, vehicles you can...
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our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am asking, actually, for a review to go in and spend 30 days starting next week to say, what is the situation on the ground and get things done or we have to look at other options. >>neil: her comments highlight what has been an attitude by unions and others to seize the moment and the initiatives and say president obama, we helped bring you this election and there is much to be said. they brought out the vote. the passion vote forment mit, the passion never turned out for the republicans but it did on the democratic side and they want a reward. what do you think of that? >>guest: i would not overread. that is
our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in a financial crisis if a long-term and it is an emergency. i am...
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end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the period, the grieving period and the acceptance period for when it doesn't go your way, especially when there was every inclination it would go his way and remember what a long torturous, tedious primary period. about 175 republican debates before the general election. he was wiped out before the finals. >> what i find disgusting is i like mitt romney. and his wife and kids. they're nice people. and the way they've all been chucked under the bus by the other republicans, one by one, racing to distance themselves, i don't like that. it's just disloyal to me. >> i think that romney was someone who -- i mean, listen. i'm glad the way everyt
end the election stuff with these. mitt romney since the election. and they're all -- >> shopping? >> him add mcdonald's. >> okay. >> you like this here? that's him in the store, the supermarket. cvs. gets some supplies. that's him in the kitchen. that's him gassing up at the station. i mean, kind of -- sad, lonely figure. >> kicking back. enjoying himself. >> good the see him back in normal life? good for any politician? >> i would imagine that the...
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it is a massive totalitarian state, grabbing power, and it gives its parliament elections but in power, and it does not like disagreement and it is against opposition, and, in fact, there are move moves afoot to stay any speaking against the european is a legal on fence and it is founded upon deceit and corruption. why did the european union need 2,000 secret bank accounts if it wasn't bribing politicians all over the place? grabbing totalitarian similar to the soviet union but the neighbors now are frighten and norway has given it a totally undeserved peace prize which is staggering. >>neil: staggering to me as well, the former u.k. parliament member. he calls it like he sees them. and now some american folly pointing fingers this washington over a deal that is not happening and angry republicans have had it with their own leader and are more than just rumbleing. >>neil: and now, they fear they did not get that much done at the meeting, and we are working on getting president obama and speaker boehner to sit down and hash it out. and now time for a friendly super hero to get moving. >
it is a massive totalitarian state, grabbing power, and it gives its parliament elections but in power, and it does not like disagreement and it is against opposition, and, in fact, there are move moves afoot to stay any speaking against the european is a legal on fence and it is founded upon deceit and corruption. why did the european union need 2,000 secret bank accounts if it wasn't bribing politicians all over the place? grabbing totalitarian similar to the soviet union but the neighbors...
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Dec 10, 2012
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what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most people i know, maybe not for people in red state, christian conservatives. needed to put a woman on the ticket. >> i was amazed he didn't go from the over demographics. he had marco rubio on condoleezza rice if they had done it. >> if he had gone for meg whitman. he might have won. if he took a serious woman as opposed to palin in 2008. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want him t
what did you make of the election battle. it was pretty bruising and pretty nasty. they don't seem to have learned very much on either side how to get stuff done for america. >> there's countless people who have said the gop's casting department has to be fired an restaffed because this was a race that was theirs for the taking. they really, really could have brought him down. i think the vice presidential choice was critical. i think if you had romney who was plenty conservative for most...
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the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo director says these cuts fail to control the greatest deficit challenge, federal health care spe
the second thing is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new...
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this is a device i have issue after the election. we had a ballot proposal that brought up a lot of labor issues. this is one that continued. it's a device i have issue. it's my position let's take leadership and address it in a positive way to starched up for the worker and be preworker and let's move forward, get it behind us and continue the reinvention of michigan about more and better jobs and a future for our kids. >> in terms. reinventing michigan, let me just zero in on one city in your state, detroit, 18.9% unemployment which is absolutely deplorable for the people of detroit. what do you intend to do or what can you do? what can the state do to try to help the city? one city council men last night said as a quid pro quo she wants the president to bail them out. what do you plan to do about detroit? >> we are going to continue working with the city. we did a consent agreement with them earlier this year that called for a number of actions to happen because we do need better services for the citizens of detroit. they deserve
this is a device i have issue after the election. we had a ballot proposal that brought up a lot of labor issues. this is one that continued. it's a device i have issue. it's my position let's take leadership and address it in a positive way to starched up for the worker and be preworker and let's move forward, get it behind us and continue the reinvention of michigan about more and better jobs and a future for our kids. >> in terms. reinventing michigan, let me just zero in on one city...
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the president won re-election. this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a new politi politico/george washington university poll believes the top should have an increase in taxes. fighting the public and appear to be ideological doesn't seem to work. certainly didn't in terms of knocking president obama off. >> one thing that also didn't work in 2011 was the president ab do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better resu
the president won re-election. this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on...
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and before the election, unformer. two admistrations that did that. everyone wts a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one because it s a cast catastrophe. >> and if it's beyond your control and-- >> the case is we voted for you, we get a bailout. >> and on the other side, detroit is in a multi-decade collapse that is beyond the scope, it's almost lik a hurricane. and i'm not saying it's totally insane for nem to get a disproportionate amount-- >> gary b, you le in maryland, should you and maryland be paying for what detroit or michigan is deciding to do with unions and pensns and how they got themselves in this mess in the first place? >> exactly, brenda. i kind of agree with jonas. i'm not sure i'd be so quick bail out cities with national catastrophes. they decided to live there and build there. but jonas it right, a lot of cities like detroit are avily unionized. they invested heavily in these gold-plated cadillac-li
and before the election, unformer. two admistrations that did that. everyone wts a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one because it s a cast catastrophe. >> and if it's beyond your control and-- >> the case is we voted for you, we get a bailout. >> and on the other side, detroit is in a multi-decade collapse that is beyond the scope, it's...
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Dec 6, 2012
12/12
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MSNBC
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but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting $716 billion from the program. i can't understand
but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman ellsworth voted for the largest cuts in medicare history, over $500 billion. robin carnahan supports $500 billion in medicare cuts, hurting seniors most. rand paul doesn't support higher medicare deductibles for seniors. conway distracts with negative ads...
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Dec 8, 2012
12/12
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MSNBCW
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we won the election. poll after poll tells us. the american people understand president and the speaker alone in negotiations. what are your thoughts on that? >> well, it shouldn't just be the speaker and the president. it should be the voice of the american people. it should be the senate and should be the house. on these issues, ed, the election mattered. and poll after poll tells us the same thing. not a lot of debate but that's what the american people want. >> that's not getting through to speaker boehner. he just will not move on rates. >> well, that's right. and that is why the president and the democrats have got to stand tall. the democrats must not snatch defeat out of the jaws of victory. we have the american people on our side. we won the election. poll after poll tells us. the american people understand that the wealthiest people are doing phenomenally well. their tax rates are low. meanwhile, the middle class is disappearing, and they're in a lot of trouble. yes, the wealthy and large corporations must be asked to pl
we won the election. poll after poll tells us. the american people understand president and the speaker alone in negotiations. what are your thoughts on that? >> well, it shouldn't just be the speaker and the president. it should be the voice of the american people. it should be the senate and should be the house. on these issues, ed, the election mattered. and poll after poll tells us the same thing. not a lot of debate but that's what the american people want. >> that's not...
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Dec 8, 2012
12/12
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CSPAN
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in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." because whether you agree with him or not, he was doing wt he thought was best for south carolina and the united states. at the end of the day, that's as good as it gets. because if you're doing what you really believe in and you're not worried about being the most popular and people getting mad ought, then
in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector....
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Dec 10, 2012
12/12
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MSNBC
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i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria and what do i see? john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. i was so heart broken to hear this i said, look, how about this, john? if you agree to a 1% rate on the top 2 americans, just 2 people, i will dissolve social security. dissolve it. so we took it to the republicans and congress and what do they do? >> invited me to a pizza party. >> and when they got there -- when you got there, sir? >> it was a burned out warehouse. >> did you go inside? >> yes. >> and was there any pizza? >> no. >> and then what happened? >> they jumped out and pelted me with eggs. >> fresh eggs? >> rotten eggs. >> bill, i'll tell you, i feel like john boehner.
i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria and what do i see? john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. i was so heart...
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Dec 3, 2012
12/12
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CNBC
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the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly raising some entitlement reform proposals with the president. but then the speaker and his co-signers here have this sentence, mindful of the status quo election and questions on entitlement reform we recognize it would be counterproductive to privately or publicly propose entitlement reforms you or the leader of your party are unwilling to changed in near term. boehner is laying out a revision going back to the simpson/bowles plan in some way, shape or form and that's the gist of this offer from the speaker to the president. we're diving into it in real
the speaker characterizing this as a status quo election. that's not the way the white house sees it. the white house sees it as an election they won and they picked up seats in the congress. the speaker here reminding the president, hey, you know what, we control the house of representatives. he goes on to characterize the president's proffer from last week. boehner saying, we cannot in good conscience agree to this approach which is neither balanced nor realistic. they talk about possibly...
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Dec 8, 2012
12/12
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that's one principle i won't compromise on after all, this was a central question in the election. a clear majority of americans -- democrats, republicans and independents -- agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it. it's the only way to put our economy on a sustainable path without asking even more from the middle class. and it's the only kind of plan i'm willing to sign. everyone agrees we need to bring down our deficit and strengthen our economy for the long-term. the question is whether we can do it in a responsible way that allows us to keep investing in the things that have always made america strong. i'm convinced we can. and if both sides are willing to compromise, i believe we can give businesses and families a sense of security going into the new year. thanks, and have a great weekend. >> hello, i'm marco rubio. i have the honor of representing florida in the united states senate, and the privilege of addressing you today on behalf of my fellow republicans. our middle class has made america diff
that's one principle i won't compromise on after all, this was a central question in the election. a clear majority of americans -- democrats, republicans and independents -- agreed with a balanced approach that asks something from everyone, but a little more from those who can most afford it. it's the only way to put our economy on a sustainable path without asking even more from the middle class. and it's the only kind of plan i'm willing to sign. everyone agrees we need to bring down our...
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Dec 7, 2012
12/12
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CNNW
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presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the governm
presidential election is over. the federal reserve, by the way, will be watching to see what the fed does in terms of monetary policy. we know it will keep interest rates very low. will they have any stimulus up their sleeve? all of this are things we're still looking forward to. fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my...
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Dec 7, 2012
12/12
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CNNW
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did you see these momentous shifts in the last election coming? >> no. no. i didn't. obviously, as you indicated, in your opening remarks, it is still against federal law to smoke, to possess, to sell marijuana. it is still -- a schedule one controlled substance and so -- even though under state law it may be lawful and in washington state and in colorado, i believe, january 5, it will become lawful. nonetheless, the u.s. attorney in washington has been very clear in saying that it is a violation of federal law and our job as department of justice employees is to enforce federal law. >> do you agree with the federal law? do you agree the federal law should remain that -- pot use and -- smoking, trafficking, selling, administering taxes on, pot use, should all be illegal state to state? >> well, listen, that law represents value judgment of congress as to what is right important the american people. so -- you asked me whether or not i had personal views about it, i certainly do. as a general manner it does represent the will of the people through the actions by congres
did you see these momentous shifts in the last election coming? >> no. no. i didn't. obviously, as you indicated, in your opening remarks, it is still against federal law to smoke, to possess, to sell marijuana. it is still -- a schedule one controlled substance and so -- even though under state law it may be lawful and in washington state and in colorado, i believe, january 5, it will become lawful. nonetheless, the u.s. attorney in washington has been very clear in saying that it is a...
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Dec 9, 2012
12/12
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FOXNEWSW
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in this last election the photo i.d. law which as you mentioned is the one of the toughest in the country worked well. 2.2 million cast ballots. of those only 838 forgot to bring a photo i.d. to the polls. that et cetera fewer than 1 in 1,000 voters. they were giive provisional ballots. they came n the vote of election and make their vote out. to date we are not finding anyone who actually didn't have a photo i.d. the bottom line is it's a common sense easy way to prevent some forms of voter fraud and it is a fact that exists. voter fraud is very real in the america. >> you said 235 claims of voter fraud who is making this allegations. >> he'll 235 verified cases been reported between 1997 and 2010. >> and you so -- so you had reported to whom by whom? are they real? are you sure of that? >> yeah. well, and these reported to the county clerks and the cases that couldn't be, you know, were not credible were not included. credible reports of voter fraud to the county clerks or to the secretary of state's office my predeces
in this last election the photo i.d. law which as you mentioned is the one of the toughest in the country worked well. 2.2 million cast ballots. of those only 838 forgot to bring a photo i.d. to the polls. that et cetera fewer than 1 in 1,000 voters. they were giive provisional ballots. they came n the vote of election and make their vote out. to date we are not finding anyone who actually didn't have a photo i.d. the bottom line is it's a common sense easy way to prevent some forms of voter...
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Dec 9, 2012
12/12
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CSPAN
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eye 88
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i was a newly elected governor, i had a lot of political leverage and for various reasons i will not bore you with had the upper hand in the negotiations. i put the pedal to the metal. i won that round. however, the ill will that came from pushing to the other side was so strong that years later legislative leaders remembered how difficult that negotiation was and how unreasonable in their mind i was. we were still talking about payback six and seven years later in future negotiations. i share that -- as you think about not just this moment but the relationship between the congress and the president going forward. it is unclear whether there is enough republicans to support or even consider the rate increase generally, but at the very least i think they would want to see not just that question, but they would want to see what does it come with. i describe it as the two wings of the plane. people are working on one side, but not much discussion on the entitlement and structural spending reduction wing. republicans have put revenues on the table. there are lots of different ways to get
i was a newly elected governor, i had a lot of political leverage and for various reasons i will not bore you with had the upper hand in the negotiations. i put the pedal to the metal. i won that round. however, the ill will that came from pushing to the other side was so strong that years later legislative leaders remembered how difficult that negotiation was and how unreasonable in their mind i was. we were still talking about payback six and seven years later in future negotiations. i share...
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Dec 7, 2012
12/12
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CURRENT
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>> the election, you know, the election, seems to me it was a rejection of denialism, extremism, of intolerance. the heritage foundation represents all of those, and i think heritage was influential, really, in the reagan years, maybe a little bit in the bush years. but it's lost some of its luster. partly because the republican brand is staina stained brand with a shrinking base. >> let's hope it's lost some of its luster. do you think, though that someone like jim demint again, newly fired up and perhaps now on a mission could restore the luster of something like the heritage foundation? >> you know i don't see a new -- him newly fired up. i see him newly expelled. he took himself out of the running but, you know, look at what's happened. all of what he stood for has been rejected. obamacare is the law of the land. he fought against that very hard. he fought against reproductive rights. he fought against gay rights. he fought against immigrant rights and coming out of this election, you had marriage quality and a rebuke to todd aiken, the senator who spoke about legitimate rape a man senator
>> the election, you know, the election, seems to me it was a rejection of denialism, extremism, of intolerance. the heritage foundation represents all of those, and i think heritage was influential, really, in the reagan years, maybe a little bit in the bush years. but it's lost some of its luster. partly because the republican brand is staina stained brand with a shrinking base. >> let's hope it's lost some of its luster. do you think, though that someone like jim demint again,...
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Dec 5, 2012
12/12
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CNBC
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the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are probably going to go up. does that hurt the market as well? >> we've seen a lot of companies sell themselves. it's been a problem in the banking industry because loans have been paid off. they want to grow loans. people are taking control and repaying their loans. i think it's already been anticipated. >> you've had a hot hand trading this market lately. what are you doing, especially bearing in mind we have a jobs number on friday. >> i'm a little concerned on the adp numbers. this is generally the weakest of the year. that's probably baked in a little bit. i think w
the anticipation is they want to get re-elected. they understand the republicans now have detectors. again, the market is saying we with believe in you. don't screw this up. >> all right. you have to get ready for the next hour. >> huge show coming up. timothy geithner at the top of the hour. we're going to find out what's changed since the sunday shows he was doing interviews on. anton, ben, see you soon. i'll see you at the top of the hour. >> capital gains rates are...
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Dec 9, 2012
12/12
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FOXNEWSW
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the election is over. but have you a president that thinks he has the moral high ground, as a result of the election on the tax issue. and you have the republicans that have an identity crisis and are ignorant. we need to walk away, the extreme wings of both parties ad have reasonable people sit down, realize what the pain really is and what it will do and start solving problems. >> do you think this is the medicine that the federal budget needs? >> no! i think the republicans need to concede and allow the tax rates on the top 2% to go up to 39.6%. on november 6, americans voted to have those tax rates go up. that was the difference between mitt romney's plan and the president's plan. americans have spoken. while the house, you know, is still controlled by republicans, the senate and the white house are control bide democrats. and republicans need to make concessions in order to allow us not to go off the cliff. while that won't be the end of the world, we don't want to go off the cliff and have the stock
the election is over. but have you a president that thinks he has the moral high ground, as a result of the election on the tax issue. and you have the republicans that have an identity crisis and are ignorant. we need to walk away, the extreme wings of both parties ad have reasonable people sit down, realize what the pain really is and what it will do and start solving problems. >> do you think this is the medicine that the federal budget needs? >> no! i think the republicans need...